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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Nationwide Utilities Corp (CE) | USOTC:NWUC | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.000001 | 0.00 | 00:00:00 |
The Agreements entered into between the Company and Alamo Power LLC of Texas, Success Power Partners LP of Texas and American Marketing Services LLC of Texas (together, the "Clients") provide a full spectrum of Nationwide services to be undertaken by the Company on behalf of the New Clients, some of which include:
The Agreements additionally provide to the Clients full online services support inclusive of support personal, recipient support, problem escalation and account management, as well as professional services that Nationwide can provide at the request of the Clients for additional fees encompassing Client personal training, Client application programmer support, Nationwide market consulting to the Clients and the Company's provision of making available to the Clients Nationwide IT Certified Engineering staff.
The Clients will commence utilization of the Company's hosted software solution for their deregulated energy transactions that could see as many as 75 broker representatives undertaking energy placement transactions initially, with the potential expansion of the number of broker representatives increasing to as many as 750 within the following year. Based upon the anticipated usage of the Company's cloud based energy transaction environment and services, and the potential replicability of the contracts underlying the Client Agreements, the financial metrics of the Agreements present possible revenues for the Company anticipated to range to potentially as much as $15 Million USD per annum.
Nationwide Chairman and Chief Executive Officer Brant Wallace stated, "The initiation of these Client agreements truly closes the door on our reorganization plan and signals the beginning of normal company growth. Our software platform is the premier sales and marketing automation tool in this market, designed to be an exchange between our commercial power broker clients and retail energy provider vendors (REPs). As such, we are truly fulfilling our corporate objective to facilitate client transactions within the relevant regulatory frameworks. Put another way, as our clients and vendors already know we simply help them to sell more deals, better deals, and to do it more quickly."
About Nationwide Utilities Corp. Headquartered in Houston, Texas, Nationwide Utilities Corp. provides the only hosted, centralized cloud environment software solution for retail deal clearing of electricity and natural gas transactions for the deregulated energy markets throughout the United States. Please visit our website located at: www.nationwide-utilities.com
Forward-Looking Statements This news release contains "forward-looking statements" regarding Nationwide Utilities Corp., and its subsidiaries, business and project plans. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among others, the expectation and/or claim, as applicable, that: (i) specified numbers of energy broker representatives will utilize the Company's cloud based energy transaction environment to facilitate the completion of energy transactions; and (ii) that completed energy transaction through the utilization of the Company cloud based energy transaction environment can be relied upon to result in predetermined revenue amounts.
It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others: (i) the demand for the Company's software solutions products; (ii) the failure of the Company to continue to procure new clients to utilize its products and services for whatever reason, (iii) the failure of the procured clients of the Company to utilize the products and services offered by the Company to the extent that such usage may generate profits for the Company; (iv) the accuracy of the predicted anticipated revenues generated by the Company pursuant to client agreements it enters into; (v) the uncertainty of the requirements demanded by regulatory agencies; (vi) the Company's ability to raise debt or equity financing for operations and/or its inability to maintain qualified employees or consultants. For more risk factors about our Company, readers should refer to risk disclosures in our recent forms 10-KSB and 10-QSB filed with the SEC on Edgar.
Company Contact Innova Capital Group Inc. & GT Venture Management AG Shane Bozzer, Associate Partner, Business Development Email Contact Phone: 415-992-5541
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